Bwcp LP Makes New $17.90 Million Investment in Meta Platforms, Inc. $META

Key Points

• Bwcp LP has made a new investment in Meta Platforms, Inc., acquiring 31,061 shares valued at approximately $17.9 million, which now comprises 3.6% of their total holdings.
• Meta Platforms has received positive analyst ratings, with Hsbc Global Res upgrading the stock from "hold" to "strong-buy" and Oppenheimer increasing the price target from $775 to $870.
• The latest earnings report showed $7.14 EPS for the quarter, exceeding expectations and marking a 21.6% revenue increase compared to the same quarter last year.

Bwcp LP bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 31,061 shares of the social networking company's stock, valued at approximately $17,902,000. Meta Platforms comprises about 3.6% of Bwcp LP's investment portfolio, making the stock its 15th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the first quarter worth $33,000. JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of Meta Platforms during the fourth quarter worth $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

META has been the subject of a number of analyst reports. Oppenheimer boosted their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their target price for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Citizens Jmp boosted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Finally, Barclays boosted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Insiders Place Their Bets

In related news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction of $364,708.80. Following the transaction, the director directly owned 8,877 shares of the company's stock, valued at $6,962,408.64. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 312,341 shares of company stock valued at $234,443,690. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded up $3.80 on Friday, reaching $752.45. The company's stock had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. The stock's 50-day moving average is $738.39 and its two-hundred day moving average is $659.37. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 27.24, a PEG ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the prior year, the company earned $5.16 earnings per share. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.